Choose the one most appropriate answer for each.
-use of force to obtain contract agreement
A)assign
B)attorney-in-fact
C)breach of contract
D)competent party
E)consideration
F)counteroffer
G)duress
H)forbear
I)fraud
J)liquidated damages
K)money damages
L)mutual agreement
M)novation
N)offeror
O)rescind
P)specific performance
Q)statute of frauds
R)unilateral contract
S)void contract
T)voidable contract

Question

Quizplus · Accepted Answer

Duress is the use of force or coercion to obtain agreement on a contract, which makes the contract voidable by the coerced party.

Answer: P
 Specific performance is a legal remedy that requires a party to fulfill their obligations under a contract. It may be used in situations where damages would not adequately compensate the injured party, such as in cases involving unique or rare items.

Answer: I
 Fraud involves intentionally misrepresenting material facts in order to induce another party to enter into a contract. If a contract is based on fraud, it can be rescinded or voided.

Answer: Q
 The statute of frauds requires certain contracts, such as those involving real estate or over a certain amount of money, to be in writing in order to be enforceable.

Answer: T
 A voidable contract is one that can be legally avoided or canceled by one or both parties, typically because of some issue with the agreement, such as duress or fraud.

Choose the One Most Appropriate Answer for Each